Through the day, warmer compared to yesterday. 5 degrees above average for this time of year for many locations. With sunshine, 71 in San Francisco, 76 and in oakland. I will let you know when to see temperatures into the 90s this week, coming up. Im anne makovec at the live news desk. Lets go to the l. A. Area where there is a wildfire burning. Chopper kpix showing a lot of smoke coming off the fire. This is the east side of the five freeway. It is 20 acres. It started earlier this morning at 3 40 am and quickly took off. That is because they are dealing with the santa ana winds throughout the entire region. It is burning some medium brush on the east side of the freeway. It is not threatening any homes but it is threatening a jail in the area. The Los Angeles County Fire Department had more than four helicopters doing water drops, trying to get out of control because they say at this point it has the potential to grow to about 50 acres. The entire elliott area right now is under red
Preparations for somebody. And a strike looms in San Francisco after educators voted overwhelmingly to authorize a strike. What needs to happen next before they can actually hit the picket line. Well talk more about that. From the areas local news station. Youre watching the kron. 4 morning far. Well, good morning and thank you for waking up with bright and early for the kron. 4 morning news today is friday. October 13th. Im reyna harvey. Well, the weekend is here and im sure youve got a lot of plans on your mind. We need to have the forecast is good. Panned out. John tables been tracking that for us. Good morning, and good morning to you, rae. Now we are looking at a pretty smooth morning as far as weather goes right now, just a few more clouds than what we saw yesterday. That is just fine. Its not really going to result in a lot of rainfall potential for us. This system that have been talking about that is going to be sliding to through to our north is not going to be doing much for
Below 100 billion from stress testing, so that makes some sense to me. Banks are not systemically important. Between 1 and 250 well do Something Else my strong preference will be that well continue to have meaningful stress testing for them because i think its a successful tool. Ing. Thank you senator warren. Thank you, mr. Chairman so i want to follow up on senator browns questions about full employment as you know Congress Gave the Federal Reserve a dual man date to pursue maximum employment and to keep prices stable the official unemployment rail is now 4. 1 . Many economists are predicting the rate will dip below 4 in the near future, and an Unemployment Rate this low in the past would have been considered full employment which would be good news for the workers that should be accompanied by higher wages. But wages have barely budged so let me start by asking, mr. Powell given that wage growth is so weak do you believe that the labor market is currently at full employment . Full em
The ibex on the flipside is weaker. Political unrest in spain. Ahead of the ecb meeting, here is where we are stacking up. 43 basis points. Gold at a low. Ecbd says david the will hold its policy meeting where mario draghi is expected to announce tapering decisions. Now, lets get an update on what is making headlines. Taylor shinzo abe gambled on early elections and won. That boosts his chances of winning another term. That could make him the longestserving leader. Investors responded. The increased role in the counterterrorism policy. The cia has increased operations in afghanistan. Joining to hunt and kill the taliban. Spanish authorities have rejected a call for negotiations. Day, i ams 24 hours a taylor riggs. Messy politics in spain will be the backdrop for the meeting. The theme is lower the amount and extend the bond buying program. From london, i want to get your take from the unrest we have seen from spain. Does it influence the ecb at all . At the moment, it will not be a key